Before someone asks why there isn’t insane inflation from banks printing an infinite amount of money for themselves, the Hong Kong dollar is pegged to the US dollar. In order to be allowed to print HKD, banks must have an equivalent amount of USD on deposit.
25 points
- ???
- Open bank in Hong Kong.
- Print money.
- Profit!
11 points
17 points
Seems like that would make it easier to counterfeit. How do they keep up to date with which designes are valid?
13 points
*
From living in HK, they all look very similar / have similar security features so most people are used to the different designs. Might be easier to scam tourists tho.
10 points
8 points
As can ( i think) 3 in Scotland
3 points
1 point
8 points
So can banks in the UK. There is one design for England, but a few for Scotland, for example.
and the US dollar has no peg with fractional reserve lending at 0%. sounds stable
